CREDAI Seeks RERA Deadline Extension Amid US-Iran War

In the midst of the ongoing US-Iran war, the Confederation of Real Estate Developers’ Associations of India (CREDAI), the real estate developers’ body, has urged the Ministry of Housing and Urban Affairs to direct state RERA authorities to grant a blanket extension of three to six months for project completion timelines and recognise the situation as a force majeure event for the real estate sector.

The developers’ group stated that problems in raw material supplies and labor shortages caused by the circumstances are delaying project completion across the country.

In a letter dated April 30, 2026, addressed to the Secretary of the Ministry of Housing and Urban Affairs, Credai stated that the current situation in West Asia has significantly impacted building material supply chains and labor availability, affecting real estate projects across India.

“The sector continues to experience major interruptions in building material supply chains and labor availability as a result of events beyond its control. The persistent unpredictability in energy sources has hampered production in important manufacturing clusters. Notably, the Morbi ceramic hub in Gujarat, which accounts for a significant portion of India’s tile manufacturing, experienced brief difficulties as a result of fuel shortages caused by the continuing West Asian conflict. While production has gradually resumed, the impact continues to persist in the form of elevated input and logistics costs, leading to an increase in tile prices,” Credai said in its letter.

In light of the foregoing, “we respectfully request the Ministry to consider: Recognizing the current situation as a case of force majeure for the real estate sector; advising and guiding RERA authorities across states to grant a blanket extension of three (3) to six (6) months for project completion timelines; and providing necessary policy support to mitigate the negative impact on project execution and sectoral stability,” it stated.

Credai reports that the construction materials ecosystem, including cement, steel, aluminum, and polymers, is experiencing supply chain disruptions and energy-related uncertainty.At the same time, shortages of vital fuels such as LPG have resulted in a reverse migration of labour from metropolitan areas, exacerbating workforce shortages on project sites. These combined issues, mostly caused by supply chain interruptions and worker availability, are putting significant strain on project execution, resulting in delays and negatively impacting delivery dates across the country,” Credai wrote in the letter.

Credai requests a blanket extension of 3-6 months for project completion dates in RERA-registered projects.

Given the current circumstances, Credai encouraged the Central government in its letter to identify the ongoing crisis as a force majeure event for the real estate sector. The panel further requested that RERA authorities across states offer a blanket extension of three to six months for project completion timeframes and provide the required policy support to reduce the negative impact on project execution and overall sectoral stability.

Boman Irani, Chairman of Credai National and CMD of Rustomjee Developers, stated that the builders’ association had written to the government requesting relief measures.

“Credai has approached the authorities, seeking that timetables be extended and that the current situation be considered a force majeure occurrence. We are also writing, or have already written, to state RERA authorities to request extensions on project completion dates,” Irani said.

“At the firm level, we are among the developers who have adopted precast construction technology. Given the scarcity of skilled labor, there is a growing emphasis on automation and factory-built components that can be assembled on-site. We have partnered with RPD of Singapore on this and are working towards it step by step,” Irani stated.